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GLOBAL LOGISTIC PROPERTIES (GLP) has raised S$3.45 billion (US$2.6 billion) in what has turned out to be Singapore's largest initial public offering in 17 years. The company, which priced its initial public offering at S$1.96 a share, is a unit of the Government of Singapore Investment Corp (GIC), and is run by Jeffrey Schwartz, who is deputy chairman ...
BEIJING has finished the upgrade of the CNY900 million (US$134.5 million) National Highway No 108 and the building of an auxiliary road after seven years, Xinhua reported. National Highway 108 starts at Beijing's Tianning Temple and ends in Kunming, a city in southwestern China's Yunnan province. It has 99 kilometres in Beijing's suburban Fangshan Di...
TWO new northeast China's expressways, namely the one Shenyang to Jilin and another Dandong to Xilinhot, have opened for service, reports Xinhua. The two expressways are regarded as trans-provincial channels covering Liaoning, Jilin and Inner Mongolia to marine gateway in east Heilongjiang province. They will facilitate coal and grain transport from In...
A FRENCH national strike on October 12 to protest government pension reform has crippled the transport systems of Europe's second largest economy. National rail services were disrupted, reported Newark's Journal of Commerce. French union leaders warned strikes and labour supply disruptions would continue to include rolling stoppages if the government ...
Under the patronage of Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation Authority and chairman of Dubai Aviation City Corporation, the Dubai Logistics Corridor was officially inaugurated yesterday, reported the Organisation of Asia-Pacific News Agencies. The Dubai Logistics Corridor, which links sea, land and air, is spread out over ...
ST LOUIS, in the midst of trying to create a China air freight hub, got a boost with the arrival of Alaska Air Cargo's first non-stop service from Seattle to the Midwest metropolis. The airline's GoldStreak Package Express provides same day service between St Louis and Seattle with connections to more than 80 destinations in the Alaska Air and Horizon...
BRITISH Airways (BA) World Cargo has selected Descartes' Global Logistics Network (GLN) of Waterloo, Ontario, as its provider of air cargo messaging for customs filing, e-freight and other electronic data interchange services. "We've managed our cargo bookings for a long time as a member of Descartes' Global Freight Exchange," said BA World Cargo man...
AIR CANADA and United Continental Holdings have concluded a memorandum of understanding that paves the way for the establishment of a revenue-sharing joint venture that would operate US-Canada flights. This comes after United Continental Holdings on October 1 announced that the merger between United Air Lines and Continental Airlines, combining the carr...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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